PROBATE FEES TO RISE SHARPLY FROM MAY
Despite almost total opposition from the Legal Profession, the Government has decided to press ahead with its proposed hike in Probate Registry fees.
At present, the fee for applications for Grants from the Probate Registry, regardless of the value of the Estate, are set at £155 when the Grant is applied for by a Solicitor and £215 when the Grant is applied for by an individual. Estates that require a Grant but which are worth less than £5,000 do not attract any fee at all.
From May 2017, the new fee structure will be as follows:
Value of Estate Proposed Fee
Up to £50,000 £Nil
£50,001 – £300,000 £300
£300,001 – £500,000 £1,000
£500,001 – £1,000,000 £4,000
Many people are unaware of the scale of disruption that Japanese Knotweed can have. Japanese Knotweed, also know as Fallopia Japonica, is a major concern for home owners. Whilst until recently mortgage lenders were unprepared to offer mortgages to properties which were suffering with Japanese Knotweed, they have now started to take a slightly more relaxed approach. Now some lenders are willing to lend; however, borrowers must keep some money back and have a structured plan setting out how they propose to remove the weed. The plant has an invasive root system and has been known to break through concrete foundations, roads, buildings and flood defences. The weed not only has to be removed but the ground beneath and around it then has to be treated, and this can take a number of years. Because...